Cebu Pacific CEO Michael Szucs said the carrier took a key step toward securing its future growth while keeping flights affordable with the purchase of up to 152 Airbus A321neo planes, which is the largest in the country’s history.
At the Farnborough Air Show near London, Cebu Pacific commemorated the deal with European plane maker Airbus to purchase a new fleet worth as much as P1.4 trillion.
“This deal is a significant milestone in our ongoing mission to make air travel more accessible and affordable for everyone while supporting the Philippine growth story,” said Szucs in a statement.
“The order is designed to give Cebu Pacific the flexibility to choose between the A321neo and A320neo aircraft as needed, helping us adapt to market changes,” he added.
CEB has selected Pratt & Whitney GTF™ engines to power the future aircraft. “This latest order demonstrates the growing opportunities for aviation in the Philippines and the larger Asia Pacific region,” said Rick Deurloo, president of commercial engines at Pratt & Whitney.
Meanwhile, Cebu Pacific said the agreement will be finalized in the third quarter of 2024 while deliveries will start in a few years’ time.
“We thank Cebu Pacific for its ongoing confidence in Airbus and its products. These latest generation aircraft will enable the carrier to reduce its operating costs and continue to offer low fares in a competitive market environment,” said Benoît de Saint-Exupéry, executive vice president sales of Commercial Aircraft at Airbus.
“We look forward to continuing to work with the airline as it builds on its position as one of the leading low-cost carriers in the Asia-Pacific region,” he added.
